REGisfERED CHARITY NUMBER: 1018514 RepDrt of tbe Tru5ttt5 ¥nd UDaudited FiDntil Ststements for the Yur Ended 30 September 2025 for Cr4veth Arnts Pre¢bO01 Streets Dyke Ruscoe Ltd 110 Corwe Street Ludlow SHR0PSHE SY8 IDJ
Crxven Prh0o1 Conttots of tbt Fin¥u¢ial St¥¢ements for the Year Ended 30 Sep¢¢mber 2025 Pge RetM)rt of the Trnstees I to 2 dependent Examiner's Report Statement ofFinancaal Activities Bllince SILeet Notes to the Finan¢il Stattments Detailed StstetDent of Financial ActivitieJ 10 b) 11
Craven Arnkl Prschool Report of the Truste for the l'ear Ended 30 Septernber 2025 The trwt¢¢s pr¢s¢nt their rw)rt with the fitsan¢iai ststements of the cbarity for the year ended 30 Sept£tnber 2025. Tr trnst¢e5 havt adopted the provisions of Accounting and R¢p)rtiThg bv Charities.. Ststement of RecomtDended Practice applicable to ¢haTities preparing their Unts in aordanCe wÈth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). ObjectRve5 8nd aitn8 The aims tsf the pre%h(K>l are to the development of the children primarily der stattrttsry school age, in a parent involving. community-based group. They dg this by offeting a safe: 5Ure and Stimulating enyironmenl working withill a framework thai ensures equality of opw)rtunity for ali ebildren and families. As a COTfLmittee we oversee the mana8¢ment of Preschool tllonthly m¢euDgs Ènclwle discussion5 1th the Preschool manager abo the day to day nL)ning of the Prcschool 111& As a committee we are responsible for poli¢v athd procedu5. and these are diSCd to ensure the high standard of the Preschi)ol is always maintained in¢luding the guidelines of Ofsieil. ACHIEVEMErirs Af4D PERFORI¥ILNCE Charitsble activities In August of this y¢ar we completed our enension alld opened the d[5 ofour baby rnom to an infiux of ttew starters. It h&% been a great success little teething problems. This year we welcomed Rania and Camii]a to the settiDg, and thw. proved to be a gre asset to the team. Unfortunately. this year w¢ said goodbye to our long standing njanager. Wendy. we wish her all the kery best in the firture She w?11 remain a strong friend of the presch(x)l. With tha( we are delighted to annoutL(e that Phtllippa accepted the positiots of Manager and Kylie acc¢pd the posititsll of Assistant.Manager. We continued to provide affordable accessible childcare. a[ our numbers ¢ontinued to ww. This has shown thai ther¢ is a real need for the setvi¢¢ that M'e pwvide within the commuDity. Fundraising this year had been slower than previous years however h&ve Still been able to maintain a level that ensures the pres¢hool i5 kept afloat. New rnIs1g ide&s are ID the pipeline for the r¢si of this year and next and we encourage all parents and tommiry¢¢ members to get iThvolv with these events. We have a wondeTfiLI C]]rIst Party planned for the children which we are fortunate to have beeD able to fimd through the fid[[SIng. Our COTnmitt¢e is Tnade up of parents and volunteers from the I2[ ¢ommwiity and we have continued to M'ork hard to support the staff in our preschool. The TLUtnbcr of children continued to rise this year largely due to the introduction of the new funding lernis thieh commeneed in April this y¢ar. Our principal source of fijnding is provided by ith fided and llotrfi]nded child placements using 5¢h¢mes includin8 ?4u' alld 15 gAd 30 hours fvnded place5. additioDal ItMe com¢s through fidrdL9lttg aAd we encourdge all Parents to get involved with helping to do thaL However, following positiv¢ a¢tivity in fi¢ww¢s and growth. the presc11 faced a crisis in April 2026 around staffing. A recruitment drive failed and due to ongoing stsff shortages, the ¢otnmitt¢e were of the opinion that they had no viable aliernative other than close the preschool.The doors sadly c105ed on 17 April 2026. Pa8¢ 1
Cr#ven Am$ Prtrscbool Report ofthe Tn2stee5 for the Y¢gr Ended 30 September 21125 FINNcIAL REVtEW Reserves poIÉ¢y Our policy state5 th&t we tnust have the cash requirem¢Dt to three llK)tth' MDrth of nornd runDing Costs and expellses. Any surplus is used for the bencfit of the Preh0O1 including but not limited to repairs, repla¢em¢nts and internav extrn)al projects 1¢h are dis¢ussed at)d agreed by the committee. The Pres¢h(x)I currently bas tto fimds in deficil. This year has been iough with all the new Challges boweyer we remain to offer an exceptional l¢v¢l of care and d¢di¢ation to the setting and the Children. I am extremety proud of all the ladies attd al IM been achieved. During the year to 30 S¢pt¢rnb¢r 2025, the gr05s income of the t exceeded £250.000. As such. the accounts for this year are cornpleted on an accrua]5 b15. with the compardtives also on that b&%is. During the )'ear LO 30 Septeber 2024. the financial $talem¢nts submitted to the ¢h2rity eommission ¢on5i5td of a receipts and paJThentS cout. STRUCTURE. GOVE]LYATrqCE AND MANAGEME Governing document The charity 15 controlled by its governing do¢umenL adeed Of1rst al Constitu an unincoTporat¢d charity. REFERENCE AfD ADlItyisrRATIVE DETAIiS Registered CbArity Dutllber 1018514 Princi1 addres$ CASCA N¢wington Way Crdven Arms SHROPSHtRE SY7 9PS Trust¢es P Mynett (appointed 3.11.25) C Owen lappointed I1.6.251 M Thomas {appointed 9.5.251 C Lugsdin (appointed 3.10.24) G Good S Miles K A Gripton IndependeDt Exlmiller S C Davie5 Streets Dyke Ruscoe Ltd 110 Corye Str¢et Ludlow SHROPSHtRE SY8 IDJ EVENTS S1Tr4CE THE END OF THE YLIR Information relating to evetlts Since the tnd of the year i5 given in the notes to the fuwieiai statements. Approved b rder of the IKard of trustee5 on 29 July 2026 and signed OD its behalf by.. Gripton- r[ee Page 2
Independent Ex#miner'$ Report to the Tru5tee5 of Crxven Arnjs Pre-sthool Independent exmin¢rfs rert to the trnmets of Craven Arm5 PrSChool I repon to the charity trustee5 on my examination of th¢ a¢¢ounts of Crayen Anns PSchOol (the Trust) for the year ended 30 Septrmber 2025. Re5POttsibilities and basis of report As the charity tnlsiees of the TnLSt you are responsible for the pwiataÈion of the accounts in accordon¢e with the requir¢tn¢tLts of the Charitie5 Act 2011 (Ihe ACVI. I report in respect olmy eXa[niOn of the TrSeS accouDts ¢arried out under S¢dioN 145 of the Act and in carrying out my examittation I have followed ail applirable Direction$ gtY¢n by the CILarity Commisston under Se¢titsn 145{5Mb} of the Act. Independ¢nt examin¢r'$ stst¢ment Since your clwity'5 gr055 illcome exceeded £250.0(Kl your examiner must be a member of a listrd body. I can confirm that l am qualified undertake the examinton because l am a rnember of the A550ciation of Chartered Certified Accountants. which is ODe of the Ihstcd bodie5. I have completed my examination. I confum that no maieriai matters hove come w my attentioth in coDnection ryth th¢ exainitlation giving me caus¢ to believe that in aDy maleriat respeei.. accounting records re not kw in re5P¢Ct of the TnLSt &$ tequired by Sertion 130 of th¢ A¢¢ or th¢ accounts do not accord with those re¢oTd& or the accounts do tK)I cornply the &pplicable requiremenrs ¢on¢eming the fomi and cotLteTLt of accounts set out in the Charities (Accounts and Repons) Regul*ioDs 2008 other than any requirement that the aoUrtts give a true and fair view wqjich i5 not a tnatter considered &$ part of an independent examinatiotL I havc concerns and have come across no other matters eonneetion with the examin to which attentioTh should b¢ drawn in tht$ report in order to etuble a prOr undetstanth'thg of the accoutts to be reactd. As disclosed in the Trust¢¢'s R¢p)o the Tn ¢losd its doors ort the 17 April 2026, due to staff shortages. There is uo rinancial tmpact on these financiaj statements and ail relevant costs will be reflected in the septemb 2026 accounts. All ¢OSts relating io the closure are wnsidered nort-adjusting. As the chariry closed operaiiolls in April 2026. the accounts for the year ended 30 September 2025 have not beeD Completed on a 8OiD8 concern basi5. However, no adjustments for completion on an a]ternative basis aT¢ ¢onsidered necessary. In relation to the ShropshiTe Council grant for the extell5ion on the leased premises, I h&v¢ not s¢en a grant offer or the Conditions aits¢hed bui am infonned thai the conditions ar¢ Satisfi atkd it wiu Doi be repayable. S C Davies Streets Dyke RuKoe Ltd 110 Cotv¢ Street Ludlow sHROPsH SY8 IDJ Date.. 31 .T.uly... 2026
Cravert Arms Prtr&bool sent of Financial Activitieg for the Y¢gr EDd¢d 30 September 2025 2025 Uurtstrtcted filnd 2024 Totsl fimds Notes IT4CO.ME AND ENDOWMEYTS FROM Donations. legactes and grants 35.679 CharKt4ble activitl Daycare 212.623 165,162 Oth¢r trading a¢tivities 4258 3.669 Total 252,560 168.836 EXPENDITURE ON Raising funds 375 Charitsble Activities Daycare Goyernance costs 235,499 5.721 172.833 Totsl 241.220 173.208 NET ILYCOmEI{EXPEliDITRE) 11.340 (4,372) RECONCILIAnOPi OF FUPIDS Total funds broughi forward 52,094 56.466 TOTAL FUNDS CARRIED FORWARD 63.434 52,094 The no*s fomi part of these fillallcial Statements Page 4
CY8ven Arn]s Pre-school Blan¢e Sheet 30 September 202S 2025 Unrestricted fund 2024 Totsl fidS Note5 CURRENf A&SETS Debtor5 Prepaettr$ and accrued incom¢ C&th at bank 60,5)6 36.035 46.OiO 23.974 310 30,653 142.601 54.937 CREDITORS Atnounts faiEiTh8 due within one year 16651 (715) NET CURREfT ASSETS 141,936 54,222 TOTAL ASSETS LESS CURRENr LIABILITIES 141.936 54,222 ACCRUAIS AYL D DEFERRED fiCOME 178.502) (2.128) NET ASSETS 63.434 52,094 FUNDS Unrestricted filnds 63,434 52,094 TOTAL FUNDS 63.434 52,094 Tbe [anCIal 51aternetLts were apprnyed by the Board of TnL*es and authorised for issu¢ on 29 July 2026 and were signed OD its behalf by= pton- Trustee The note5 forni part of these fi[w¢1 seMents Pa8e 5
Cr*vtn Ar PT@School Note5 to the Financial Stgtements for the Yr Ended 30 Stptember 2025 ACCOUNTING POLICIES Basis ofpreparing the finan£ig15tatements The fJnan¢ial staiements of ihe chan"ty, Mthich is a public benefit entity under FRS 102. have been prepared in accordance the Charities SORP {FRS 1021 'A¢¢ountiDg alld ReportÈth8 by Chariti¢s: S&iement of Recommended Prarti¢¢ appli¢abl¢ charities preparing their aceounts in a¢wrdance with the Financial Reporting Standard applicable in the and Republic of Ireland (FRS 102} l¢ffective l January 20191,, Financial R¢wrting Standard 102 The Financial Reporting Standard opplirable in the UK and Republic of Ir¢12nd' and ihe Chariiies Act 2011. The fjnatKial statements have been pttparal under the historical cost ¢onvenlion. Ithcome All in¢0e is reCols£d iD the Statement of Financial Activities once the Ch]ty entitlement to the nds. it is probable that the ithcome be received and the amouni caD be tred reliably. Expellditure Liabilities are recognised a5 expetlditure as soon &$ the is a legal or constructive obligation committing rbe Charity to that ¢xp¢nditur¢, it 15 probable that a transfer of economie benefits will b¢ required in settlement and the amount of the obligation can be measured reliably. EKp¢nditur¢ is accounted for on ao accruals basis and has been Classified under h¢ading5 that aggregate all eost related to the ¢a¢gory. Where costs C80t be directly atiributed to particular headings thvj. ha¥¢ been allocated to adiyities on a b&%is consistent Myth the use of resources. In August 2025. all extension paid for by the tnJs¢ on th¢ property leased from the landlord at a Cost of £35,679. That cost w&$ fully with a fmm Shropsbire Coullcit. A5 the Presch¢)ol closed its dooT5 on 17 April 2026, as mentioned ill tbe Trustee'5 ReporL the cosi of th¢ ¢xtrnsitsD has Dot bceu capithlised. bui Tille off &% an expense ID the year. The condiuons of the grdllt haviDg been me( the receipt is included within grants received. Taiatio The ¢harit)' is exeTllPt from lax on charitable activitie5. Fund Accounting Unrestricted fimds can be used in ac¢ordaDce wtth the clwitable objeaives at the discretion of the trustees. Restricted lldS can on]y be used for particular restricted purposes within the objects of the Charity. Re5tricttons arise 5p¢cified by the do or when fimds ar¢ rnised for particular restricted purposes. Further explanationof the aature aDd Plu)5¢ of fund i5 included the notes to the f73cl siatements. Hire pur¢h#s¢ and Itasing committhellts Renta15 paid under operating leS are charged to the Strtement of Financial AL#ivities on a straight line basis over the period of the lease. Pen5lOlI Costs other poyt-retirement benefits The chariry operates a defined con¢ribuiioth pe]]sion scheme. Contributions payable to the ¢Il& pension scheme are eharged to the Statement of FiDan¢ial Activities in tILe pcriod to which they relate. Page 6 ctsntinued...
Craven Arms Prtrsrhool Notes to the Fina¢11 stateellts- contillued for the Year Ended 30 September 2025 OTHER TRADING AcnvrtlES 2025 2024 Fundrai5ill8 4.258 3.669 TRUSTEES, REMUNEEL4TIOY AND BE.YEFITS There were no twst¢es' r¢muneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 Sepiemb¢r 2024. Dwing the year. Kitn Gripton. a trustee was paid £1.800 (2024 £1.800) for bkkeeping seryices. These fee5 are not for at)y trystees duties aDd are allowed by the governing document. Trnste¢s' expenses There were no trustee$, exp¢n%$ paid for the year ended 30 September 2025 nor for th¢ year t[ed 30 September 2024. COMPAIL4TtVES FOR THE sfATEMENT OF FIP4ANCIAL ACTIrrIEs U[estrICted fiind IPCOME T) EYDOWTrIEYfs FROM Donations. legactes 2nd grdnis Cbarit4bl¢ ¥ttiviti¢s Daycare 165,162 Other trading activiti¢s 3,669 Totsl 168,836 EXPENDITURE OTr1 Raising funds 375 Charitable activities Day¢are 172,833 Total 173.208 NET INCOMEI(EXPENDITURE) {4.372) REcofCtLIATtON OF FLT4DS Total funds brollght forward 56,466 TOTAL FUNDS CARRtED FORWARD 52,094 Pag¢ 7 continued...
CraYeTr Arm5 Prh0o] Note5 to the Financial StatemeDts- continued for the Year Ended 30 September 2025 DEBTORS: AMOLT4TS FALLING DUE ITrITHIN OYE YEAR 2025 2024 TTade debtors 60.536 23,974 CREDtroRS: AMOUNTS FALLLNG DUE WITHIN OIIE YEAR 2025 2024 Trdde creditor5 665 715 ACCRUAIS AL¥D DEFERRED INCOME 2025 2024 Ac¢nJals and deferred income 78.502 2,128 Included tn deferred income is the sum of £74,771 relatin8 to ftts iovoi¢ed prior to the year etld relating to serYi¢¢s after l October 2025. MOVE.MEP4T IN F[*Ds Net movement in fimds Al 1.10.24 At 30.9.25 Unre$trttt¢d funds General fund 52,094 IlJ40 63,434 TOTAL FUYDS 52.094 11,340 63,434 Net movement tll fvnds, included in the above are as follows: Incoming resources Re50urce5 exp¢nd¢d Mov¢ment ill fjjnds re$tritt¢d futsd¥ General fi]nd 252,560 1241220) 11,340 TOTAL FUNDS 252.560 1241,220) 11.340 Cornp•rgtiv¢s for movement ID funds Net movement in funds At 1.10.23 At 30.9.24 Unrestricted fund8 General fund 56.466 (4,372) 52,094 T(yfAL FLryDS 56,466 (4.372) 52.094 Page 8 continued...
Craven Arms Prh0o1 Notes to the FinADcial St&temeDt5- tontiryul for the Year Ended 30 September 2025 MOVEMENT IN FUliDS- eoDtinued Compardtiye net moyement ID funds. included the alxjve are as (ollows.. In¢oming Resources expcllded Movement in fijrtds Unre5trtcted fuDdJ Generaj futtd 168.8J6 {173,208) (4.372) TOTAL FUNDS 168.¥36 (173208) (4,372) A current year 12 rnonth5 and prior year 12 moDth5 combiDed Jx)sition is as follows: Nei vement in funds At .10.23 At 30.9.25 LTnre$tri¢ted funds General fid 56.466 6,968 63.434 TOTAL FUI¥DS 56.466 6.968 63,434 A current year 12 months and prior year l2 months Mbined net rnov¢mrnt in fimd5. inrluded in the above are 85 follow5.. Ineoming R¢sour¢es expended Mov¢Ttkent in fi]nds LTttrestrlcttd General fund 421,396 (414.428) 6.968 TOTAL FUNDS 421,396 (414,428) 6.968 REL4TED PARTY DISCLOSURES There were no related party tratLsactioThs forthe year ended 30 Septrmber 2025. io. POST BALANCE SHEET EVErffs As disclosed in the Tn¢$ R¢p)ry the Pr¢s¢hool closed its d(x)rs oll 17 April 2026 wbich was due to ongoing staff shorta8¢s athd a failed recruittnent driv¢. Subsequenl payroll ¢osts for Pay in Lieu of Notice and redundancies Te iiicurred in April 2026 for £30.325. In addition to the payroll cost4 certain funding Wds repaid to Shropshire Cout)cil for fees received relating to periods aft¢r ¢losur¢, bui thes¢ would be on income and cxpen5e in the final period. The pritrter lease was temiinated at a Cost of £6.482 along with a phone system settlement of £81. TheTe have b¢¢n suffici¢nt reserves to meet these liabilities. Page 9
Crnvety Prtr&bool Detailed Statement of Finittt121.4rtiviti for the Ye&r End¢d 30 September 2025 2025 2024 Ir4coME AND ETriDOWMENrs DoDatiODS. legaeits and grntsts Dot)ations Grants 35,679 35,679 Other tradRng g¢tivities Fundraising 4,258 3,669 Chgritgble gctivities Preschool fees received 212.623 165,162 Total illtomlng Testsre¢S 252.560 168,836 EXPENDITL'RE Other trading activititS Fundraising ¢osts 375 Cbiritlble aetivltles Wages Social security Penssons Otber op¢ratiDg leases Insurance Telephone Advertising Sundrie5 Consunubles Milk Equipm¢nt Trip5 Cleaning Computer Training Preschool admi Rent Repairs and renewals 155.787 3.136 2,805 1.334 967 883 20 1,447 6245 418 l.l41 124.144 6,476 1.741 1,436 826 632 748 5,619 822 30 1.204 3,384 882 1,436 1,001 15,900 1,275 3.809 1523 569 716 17,090 36509 234J99 167,556 Support Costs Governance eosts Accowitancy Bookkeeping 5.021 1,800 3,327 1,950 6.821 5,277 This page does not forni part of the statutory financial statements Page 10
Cr#v¢n Armi PrknO01 Detailed Ststement of Fin*n¢i#l Activities for the Yegr Ended 30 September 202) 2025 2024 Total r¢sources expended 241220 173,208 Net Incomel(expetsditurt) IlJ40 (4.372} Thi5 page does TLOt forni part of the stslutory fin¥cial statements Page 11